The payment firm discontinued Bitcoin transactions six years ago.
Unlike in the past, Stripe will use stablecoins to mitigate price volatility.
Stripe plans to re-introduce cryptocurrency payments
after ending Bitcoin transactions six years ago. The payment firm recently
announced that it will allow merchants to accept payments using stablecoins. This step will enable them to benefit from faster transactions and low fees in digital assets.
Instant On-Chain Transactions
In a statement during the company's Global Internet
Economy conference, Stripe's Co-Founder and President, John Collison, mentioned
that the company will bring back crypto payments this summer. Stripe halted
Bitcoin transactions in 2018 due to volatility and technical limitations.
Collison mentioned: "We're excited to announce
that we're bringing back crypto as a way to accept payments, but this time with
a much better experience. Transactions instantly settle on-chain and
automatically convert to fiat."
He acknowledged the technical improvements in the
cryptocurrency space, including faster transaction speed and lower fees.
According to Collison, these factors make cryptocurrencies attractive for
online transactions.
Unlike Bitcoin's price volatility, stablecoins offer a more predictable value. This minimizes the risk of sharp fluctuations for businesses and customers. During his presentation, Collison
demonstrated a crypto payment using Circle's USDCstablecoin on Stripe.
Stripe Learns from the Past
Stripe's previous experience with Bitcoin payments was unsuccessful. Collison admitted Stripe's initial entry into the
cryptocurrency space was a "pretty terrible payment experience."
However, this relaunch will focus on more stable and user-friendly
stablecoins.
In 2022, Stripe launched a new service allowing
businesses to offer customers a way to convert fiat currency into
cryptocurrencies. Some of the payment firm's clients include Blockchain.com,
MetaMask, and Magic Eden. Stripe is eying stablecoins like USDC, which is
pegged to the US dollar. This stability makes it a more attractive option for
merchants who want to avoid price fluctuations in crypto.
Last month, Stripe surpassed $1 trillion in payment volumes. This achievement, revealed in its 2023 newsletter, highlighted the fintech firm's exponential growth in driving institutional adoption of online payments.
Stripe has solidified its position in payment processing by partnering with industry giants like Zara, Ford, and URBN. With over 100 companies processing more than $1 billion annually through its platform, Stripe offers payment processing services in billing, tax services, and revenue recognition.
Stripe plans to re-introduce cryptocurrency payments
after ending Bitcoin transactions six years ago. The payment firm recently
announced that it will allow merchants to accept payments using stablecoins. This step will enable them to benefit from faster transactions and low fees in digital assets.
Instant On-Chain Transactions
In a statement during the company's Global Internet
Economy conference, Stripe's Co-Founder and President, John Collison, mentioned
that the company will bring back crypto payments this summer. Stripe halted
Bitcoin transactions in 2018 due to volatility and technical limitations.
Collison mentioned: "We're excited to announce
that we're bringing back crypto as a way to accept payments, but this time with
a much better experience. Transactions instantly settle on-chain and
automatically convert to fiat."
He acknowledged the technical improvements in the
cryptocurrency space, including faster transaction speed and lower fees.
According to Collison, these factors make cryptocurrencies attractive for
online transactions.
Unlike Bitcoin's price volatility, stablecoins offer a more predictable value. This minimizes the risk of sharp fluctuations for businesses and customers. During his presentation, Collison
demonstrated a crypto payment using Circle's USDCstablecoin on Stripe.
Stripe Learns from the Past
Stripe's previous experience with Bitcoin payments was unsuccessful. Collison admitted Stripe's initial entry into the
cryptocurrency space was a "pretty terrible payment experience."
However, this relaunch will focus on more stable and user-friendly
stablecoins.
In 2022, Stripe launched a new service allowing
businesses to offer customers a way to convert fiat currency into
cryptocurrencies. Some of the payment firm's clients include Blockchain.com,
MetaMask, and Magic Eden. Stripe is eying stablecoins like USDC, which is
pegged to the US dollar. This stability makes it a more attractive option for
merchants who want to avoid price fluctuations in crypto.
Last month, Stripe surpassed $1 trillion in payment volumes. This achievement, revealed in its 2023 newsletter, highlighted the fintech firm's exponential growth in driving institutional adoption of online payments.
Stripe has solidified its position in payment processing by partnering with industry giants like Zara, Ford, and URBN. With over 100 companies processing more than $1 billion annually through its platform, Stripe offers payment processing services in billing, tax services, and revenue recognition.
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now π https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
π£ Stay updated with the latest in finance and trading!
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now π https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
π£ Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
π LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
π Facebook: https://www.facebook.com/FinanceMagnatesEvents
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
FMAS:24 | Sneak Peak
FMAS:24 | Sneak Peak
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africaβs premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now π https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
π£ Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
π LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
π Facebook: https://www.facebook.com/FinanceMagnatesEvents
πΈ Instagram: https://www.instagram.com/fmevents_official
π¦ Twitter: https://twitter.com/F_M_events
π₯ TikTok: https://www.tiktok.com/@fmevents_official
βΆοΈ YouTube: https://www.youtube.com/@FinanceMagnates_official
Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africaβs premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now π https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
π£ Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
π LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
π Facebook: https://www.facebook.com/FinanceMagnatesEvents
πΈ Instagram: https://www.instagram.com/fmevents_official
π¦ Twitter: https://twitter.com/F_M_events
π₯ TikTok: https://www.tiktok.com/@fmevents_official
βΆοΈ YouTube: https://www.youtube.com/@FinanceMagnates_official
Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
π£ Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
π LinkedIn: https://www.linkedin.com/company/financemagnates/
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π Subscribe to our YouTube channel for more!π
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
π£ Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
π LinkedIn: https://www.linkedin.com/company/financemagnates/
π Facebook: https://www.facebook.com/financemagnates/
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π‘ RSS Feed: https://www.financemagnates.com/feed/
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Don't miss out on our latest videos, interviews, and event coverage.
π Subscribe to our YouTube channel for more!π
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa